Finance

First ever solar PPA signed in Sweden

Swedish renewable energy company Eneo Solutions AB was awarded a PPA for a 745 kW rootop PV project by the municipality of Järfälla through a tender process.

UK cities and communities in line for £3m government funding

Local communities and cities to receive government aid to fund and manage green projects in government-backed bid to drastically reduce carbon emissions, reports the Guardian.

Canadian Solar subsidiary Recurrent Energy signs deal for 100 MW project

Recurrent Energy, a wholly owned subsidiary of heavyweight module manufacturer Canadian Solar has signed power purchase agreement for a 100 MW PV project to be located in Kings County, Central California.

Kong Sun posts $9.8 million profit in H1

Kong Sun has recorded a profit of CNY 63.7 million ($9.75 million) in the first half of 2017, from a loss of CNY 124.4 million a year earlier, as  it connected roughly 210 MW of new solar capacity to the Chinese grid.

LONGi Solar posts $191.2 million profit in H1

LONGi Solar Technology has recorded a net profit of CNY 1.236 billion ($191.2 million) for the first half of 2017, up 43.6% year on year.

Iberdrola interested in acquiring RWE’s renewable energy unit Innogy

The renewable energy unit of German utility RWE is now reportedly being targeted by the Spanish power provider, after French energy group Engie was said to have launched an offer in March.

Smart Energy Hackathon kicks off in Bangkok

More than 80 energy experts, coders and product designers from across Southeast Asia gathered in Bangkok today for the Smart Energy Hackathon, a 30-hour competition that aims to foster the development of new digital energy solutions such as public blockchains for the provision of PV generation data.

Jinko reports further growth

In the second quarter of 2017, the Chinese PV manufacturer shipped around 3 GW of solar modules. However, sales and earnings were not as high as shipments, due to lower selling prices. For the second half of the year, Jinko Solar is forecasting stable module prices and increased profitability.

Solar heavyweights Heraeus and JinkoSolar team on PV Super Cell partnership

The agreement between the German metallization solutions company and the leading Chinese Tier-1 solar manufacturer will see the two companies jointly develop ‘Super PV Cells’ in what is the third such strategic partnership between them.

India obstructs states to prevent 7 GW of PV projects at risk

The Indian power ministry has released notice preventing any renegotiation of signed PPAs in the solar PV sector, calculated at a potential $7.5bn worth of solar projects.